Flock Safety, a major player in the realm of safety technology, recently announced a significant financial boost of $275 million, raising its overall valuation to a noteworthy $7.5 billion. The funds are set to be directed towards various aspects, including product development, research, and manufacturing within the United States. This marks a crucial step in the company’s objective to eradicate crime and create prosperous communities. The lucrative funding round was spearheaded by Andreessen Horowitz, alongside substantial financial contributions from Greenoaks Capital and Bedrock Capital.
Other notable participants in the fundraise include Meritech Capital, Matrix Partners, Sands Capital, Founders Fund, Kleiner Perkins, Tiger Global, and Y Combinator. This new fundraising achievement serves as a sequel to an impressive year of expansion for Flock Safety, where it surpassed the $300 million Annual Recurring Revenue (ARR), signifying an approximate growth of 70% on a year-on-year basis.
Redefining the landscape of safety technology since its inception in 2017, Flock Safety’s integrated platform includes a plethora of features. From License Plate Readers (LPRs) and gunshot detection to AI-powered cameras plus Drone As First Responder (DFR), the platform offers an extensive suite for Real-Time Crime Centers and investigative intelligence. This multifunctional platform strengthens Flock Safety’s position on the frontline of fighting crime and fostering safe environments.
Boasting partnerships with over 4,800 police departments and nearly 1,000 businesses, Flock Safety’s system is recognized within top-league sectors. Among its client base are 4 of the National Retail Federation Top 10 Retailers, 7 of the 10 biggest U.S. shopping centers, and 10 of the 40 largest U.S. health systems. Through such collaborations, Flock Safety’s technology is utilized to resolve an array of serious crime cases, expanding from homicides and assaults to human trafficking and narcotics smuggling.
Flock’s innovative technology played a significant role in solving many major crime cases over the past year. Instances include aiding in the disbandment of a human trafficking network in Detroit, assisting in the arrest of a suspect in a San Francisco Bay Bridge shooting case, and playing a pivotal role in cracking a $12 million jewelry theft case in Denver. These are just a few showcases of how the technology is shaping the future of crime-solving in the digital age.
The newly secured funding will fuel accelerated research, development, and manufacturing in specific crucial areas. One such area is their next-gen investigative intelligence. Earlier this year, Flock announced the inception of Nova, a cutting-edge data intelligence platform that revolutionizes the process in which investigators and command staff source and utilize actionable intelligence. Nova is currently in its early-access phase.
Another promising area is their drone technology. Following the acquisition of leading DFR system provider, Aerodome, in 2024, Flock aims to unveil multiple US-manufactured drones in 2025. Flock Aerodome’s offerings have already shown their potential in providing instant situational awareness and expediting emergency response times.
Flock Safety has consistently championed a transparent and accessible safety technology ecosystem. They have underscored this commitment by offering free data integrations with any safety technology vendor, thereby setting a new industry standard. The objective behind this step is to eradicate information barriers, ensuring critical data is readily accessible and optimally utilized when needed the most.
To cater to the increasing demand, Flock Safety has invested in a sizeable 100,000 square foot manufacturing site in Georgia, their home state. The state-of-the-art facility is soon set to be operational. This expansion implies a promising outlook for the company’s commitment to produce domestically.
Flock Safety acknowledges that establishing thriving communities necessitate trust. Consequently, the company has shown an unwavering commitment to upholding principles of data privacy, security, and transparency. They have set out to maintain the industry’s highest standards of data and product integrity, underlining the democratic tenets that form the foundation of the United States.
Flock Safety has carved its niche as a trailblazer in the safety technology sector, fostering thriving communities by implementing proactive strategies to combat crime and enhance security. Their comprehensive suite of hardware and software unites businesses, schools, neighborhoods, law enforcement, and cities, resulting in a synchronized, nationwide public-private safety network.
Flock Safety garners trust from over 5,000 communities, 4,800 law enforcement agencies, and 1,000 businesses. They offer real-time intelligence while simultaneously upholding the paramount standards of privacy, data integrity, and responsible innovation.
Their relentless endeavor for excellence and commitment to creating safe environments not only sets them apart but also positions them as an industry powerhouse. Flock Safety’s perseverance in pushing boundaries exemplify their unwavering mission to ensure a safer society.